Welcome to Rachunok Financial

Reverse Mortgage Division

Is a Reverse Mortgage right for you? Let us help you answer that question!

Convert Your Equity to Cash

A REVERSE MORTGAGE is a loan available to homeowners, 60 years or older. A REVERSE MORTGAGE allows them to convert part of the equity in their homes into cash. The loan is called a reverse mortgage because instead of making monthly payments to a lender, , instead the lender makes a lump sum and/or a series of payments to you!
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Use of REVERSE MORTGAGE Funds

Use the money generated by your REVERSE MORTGAGE, however you wish or need! Its your money after all!

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Examples of Use of REVERSE MORTGAGE Funds

Examples of what borrowers use their funds:

  • pay off existing debts, loans, or medical bills.
  • assist someone with their college costs, or to start a business.
  • take a long awaited trip, or to repair a home or car.
  • a lump sum to help with senior care or medical issues.
  • Combinations of above….AND MORE! Its your money, after all!
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Ways Your Funds Get to You

The money from a REVERSE MORTGAGE can be distributed in several different ways:
  • as a lump sum, in cash, at settlement;
  • as a Tenure payment, a monthly cash payment;
  • as a line of credit, similar to a home equity line of credit;
  • as a combination of these.

Key Information We’ll Need

When we assist you we will need some Key Information:

1) Home Owner’s Age(s): For a reverse mortgage, you must be over age 60 on the loan’s closing date. The older you are, the more funds are available to you.

2) Current Home Value: Jointly we will need to document your home’s current value.

3) Your Current Mortgage Balance

A Bit of Background About.

Greg Rachunok

A leader in mortgage origination throughout California for over 30 years…but much more, Greg is a community leader with a long history of giving back to the community. Having run for county commissioner and being on the board of the local low-income housing non-profit, you can trust Rachunok Financial.
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Ready to Get Started?

Take the first step towards homeownership today! Contact us for a free consultation and let us help you find the mortgage solution that’s right for you.

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Contact Form (Reverse Mortgage)